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Sunday, November 13, 2011 12:36:47 PM
You keep going back to the rs being unannounced, as if you think that is what has me annoyed; I guess to some extent the rs itself has me annoyed, not that it was unannounced just that because of the rs the value of my shares is now lower than it ever could have been before the rs.
I will try to explain this again: before the rs the lowest our shares would have traded at was .0001 (triple 0's), now because of the rs our shares are currently trading at a relative value of .000059 (quad 0's) and in theory the potential for the value to go much lower is there, where it would not have been before the rs.
If and I will stress this again "if" the rs was accompanied by positive news to boost the share value, and in turn bring in new investors I could understand why the rs was done. As it sits now, the only thing that makes sense about this is the company desired to create an illusion that their stock price was worth more than it really is, to generate more cash flow for the company.
Screw the shareholders, we already have their cash, doesn't matter what the value of their stocks is.
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